KKR Agrees to Buy EDF Power Assets as AI Boom Fuels Demand


KKR has spent years building out its power portfolio, focusing on renewables and gas assets, as demand for electricity grows rapidly. The investment giant agreed in September to pay $10 billion for a 45% equity stake in Sempra’s infrastructure arm, which builds liquefied natural gas projects. Days later, TotalEnergies SE agreed to sell a stake in North American solar assets to KKR in a deal valuing the portfolio at $1.25 billion including debt. 



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